Failed credit union mergers may be a hot topic this week but two competing Idaho CUs – the $113 million ISU CU and $17 million Pocatello Teachers FCU – announced Thursday that they would merge on Feb. 1.
Talks have been under way in the Idaho community since last November "but let me say we took extra care with town halls and were open about making sure members understood completely what was in store," declared Robert V. Taylor, president/CEO of 16,000-member ISU CU, the surviving institution.
The results of a final vote were announced on Wednesday night at a special meeting of 2,500-member Pocatello Teachers.
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